The Problem With All The VC Money?
A problem, you say? The money going around VC funds these days is truly insane. But for the hungry startup, those rounds of VC funding can be a double-edged sword. The high valuations can create unattainable expectations that can derail your business before it even gets started.
Here are some quick tips from people that have built successful tech companies in the past few years that ‘bootstrapped it’. This means that they didn’t even go through rounds of VC funding, or even applied for old-fashioned business loans. These guys did it the old-fashioned way: they didn’t spend money they didn’t have, and as a result they didn’t have mountains of debt (or sky high VC expectations) to deal with.
Where GoDaddy Promo Codes Come In:
Step 1: Don’t Spend Money You Don’t Have To.
With a start up, you’ll need a little bit of money. Maybe it’s as little as $200 in savings, or a few thousand that your team has saved up over time. When it comes to things like office space, websites, and the usual expenses, don’t spend money until it makes an appreciable difference in sales.
An example? Website hosting companies will offer ridiculously low prices for new customers, and they even include free domain names. So, wait until a shopping holiday (i.e. Black Friday, Labor Day) to buy web hosting discounted.
For offices, you can usually set up a company phone number with an… Read Article